Lee James K 4

What Happened

• James K. Lee, Chief Operating Officer of Bentley Systems (BSY), was granted two restricted stock unit (RSU) awards on March 6, 2026: 36,297 RSUs and 12,607 RSUs. Both awards have an acquisition price of $0.00 (i.e., granted as compensation), for a total of 48,904 RSUs.
• These are awards (not open‑market purchases or sales), so no immediate cash transaction occurred. RSUs convert into shares only as they vest and may be forfeited if vesting conditions are not met.

Key Details

• Transaction date: 2026-03-06; Transaction type: A (Award/Grant); Price per share shown: $0.00.
• Total RSUs granted: 36,297 + 12,607 = 48,904 RSUs.
• Shares owned after transaction: not specified in the Form 4 filing.
• Vesting/footnotes:
  • F1: 36,297 RSUs are time‑based under the Issuer's Career Stock Program and vest on December 15, 2030.
  • F2: 12,607 RSUs are under the 2020 Omnibus Incentive Plan and vest over four years, with one‑quarter vesting on each anniversary of the grant.
• Filing: Form 4 filed 2026-03-10 for a 2026-03-06 grant — appears to be filed within the standard two business‑day window.

Context

• RSU grants are compensation and do not indicate an immediate market buy or sell; they reflect company compensation practices and future potential equity dilution when vested shares are issued.
• For retail investors, purchases by insiders can be interpreted as a stronger signal than awards. These time‑based RSUs mainly reflect long‑term retention incentives for the executive.